India's Cyient up after partnership with Deutsche Aircraft

Cyient

28/03/2024 06:27

** Shares of India's Cyient  CYIE.NS  up 2.5%, cooling off
from ~3% gain earlier 
    ** IT services co said it has partnered with Deutsche
Aircraft for design of rear fuselage section for D328eco
regional turboprop aircraft 
    ** Stock set to snap four-week-long losing run 
    ** Avg rating of 17 analysts is "buy", median PT 2,360
rupees - LSEG data
    ** However, shares are down 13% in March quarter, on track
for first drop in seven quarters, after a ~183% surge in 2023

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))